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SSX NOMINATED FOR BEST GROWTH OPPORTUNITY EXCHANGE 2017

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EZULWINI – The Swaziland Stock Exchange (SSX) is in the race for being named Best Growth Opportunity Exchange – Southern Africa 2017.


Financial Services Regulatory Authority (FSRA) General Manager (GM) Finance and Corporate Services Gugu Makhanya, who represented Chief Executive Officer Sandile Dlamini at the first Exchange Trade Funds seminar held at Sibane Hotel yesterday.    
 She said SSX had been by Capital Finance International (CFI) for the coveted award.


Makhanya explained that the awards were not a peer-to-peer exercise.
She mentioned that initial nominations for the awards come from their readers and subscribers, after which the judging panel determine a shortlist based purely on merit.


The awards programme identifies true top performance - not based on the size of the nominated organisation but on excellence.
“We hope SSX works very hard to bring it home,” said Makhanya.


Further, it was explained that SSX had seen it prudent to automate its trading platform so as to not only provide a fair, efficient and transparent trading system, but also elevate the SSX to be in line with global trends and enable the exchange to introduce a wide range of innovative products that speak to both local and international investors, also to tap into other SADC securities markets, and expand the exposure of listed securities and investing public.


She also pointed out that the SSX was excitedly waiting to go live next month on its automated trading platform, which would reduce the tedious work and complexity of manual trading on the local bourse.


“Stockbrokers are already connected directly to the Automated Trading System (ATS) for order placement and order-book management. In addition, the system will be connecting to the Central Bank for settlement of funds through the Real Time Gross Settlement (RTGS) system platform,” she disclosed.

 

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